OT: Stock trading | Page 33 | The Boneyard

OT: Stock trading

Don’t know if he’ll impact it much but Dave Portnoy just bough $50k of $LINK. If he touts the hell out of it to his fanbase it sure can’t hurt.
 
I'm expecting a link correction soon back to $9-14 range. Healthy pullback. However, the end of this month is the Smart Contract Conference. Could be some big announcements there from link. Also, BTW JP Morgan is close to finalizing multiple deals with Ethereum for $50 mil
 
uconntoatl said:
I'm expecting a link correction soon back to $9-14 range. Healthy pullback. However, the end of this month is the Smart Contract Conference. Could be some big announcements there from link. Also, BTW JP Morgan is close to finalizing multiple deals with Ethereum for $50 mil
Expand ...
Ha, don’t say that please! I was a little cautious buying it today after such a run up but I also didn’t want to chance it getting into the 20s without me, Just like sticks, it would be normal to see a little correction but with a rough last week in the market it’s the last thing I’d want to see.
 
tentoes4rings said:
Ha, don’t say that please! I was a little cautious buying it today after such a run up but I also didn’t want to chance it getting into the 20s without me, Just like sticks, it would be normal to see a little correction but with a rough last week in the market it’s the last thing I’d want to see.
Expand ...
A pullback wouldn’t be bad as I would probably buy more. There’s a possibility this gets to $100+
 
.-.
tentoes4rings said:
Ha, don’t say that please! I was a little cautious buying it today after such a run up but I also didn’t want to chance it getting into the 20s without me, Just like sticks, it would be normal to see a little correction but with a rough last week in the market it’s the last thing I’d want to see.
Expand ...
I general rule with crypto is that if something does a 2-3x then it may correct to about 50% of those gains- then people buy back in and it will bounce back to those levels. LINK and some others that do not have a a trading history can buck those trends and reach higher numbers on their runs. If you bought earlier when we mentioned it (around $5) then we are at a 3x if it goes into the 20s then a 4x ect... don't be worried if it does move down- it will not last that long and will give you a chance to DCA your basis.
 
Scot-e said:
I general rule with crypto is that if something does a 2-3x then it may correct to about 50% of those gains- then people buy back in and it will bounce back to those levels. LINK and some others that do not have a a trading history can buck those trends and reach higher numbers on their runs. If you bought earlier when we mentioned it (around $5) then we are at a 3x if it goes into the 20s then a 4x ect... don't be worried if it does move down- it will not last that long and will give you a chance to DCA your basis.
Expand ...
I should have gotten In much sooner, but I was concerned about having my money with one of these crypto exchanges. It’s easier said than done though about buying more on pullbacks because it’s more cash that needs to be funded each time, whereas with stocks I can go to margin if necessary. By the way, does 1.5% seem excessive each time to fund account?
 
tentoes4rings said:
I should have gotten In much sooner, but I was concerned about having my money with one of these crypto exchanges. It’s easier said than done though about buying more on pullbacks because it’s more cash that needs to be funded each time, whereas with stocks I can go to margin if necessary. By the way, does 1.5% seem excessive each time to fund account?
Expand ...
If you are worried about leaving your coins on an exchange, I recommend getting a cold wallet storage, like ledger nano s. If you do, make sure only to buy it directly from their website
 
uconntoatl said:
If you are worried about leaving your coins on an exchange, I recommend getting a cold wallet storage, like ledger nano s. If you do, make sure only to buy it directly from their website
Expand ...
And write everything down a couple times and put them in a secure place
 
You can have 100s of thousands of dollars on the main exchanges and not worry.
You got in fine- longterm you will be golden.
I would never suggest buying any crypto if you are looking to do short term trading- it simply could go the wrong way for a few weeks and @#$& you. Buy and hold for 18 months. You will be thrilled.
 
Scot-e said:
You can have 100s of thousands of dollars on the main exchanges and not worry.
You got in fine- longterm you will be golden.
I would never suggest buying any crypto if you are looking to do short term trading- it simply could go the wrong way for a few weeks and @#$& you. Buy and hold for 18 months. You will be thrilled.
Expand ...
Yeah, not worried short term. I was happy when it went up 1.50 right after I bought it because I was having a rough week in the regular market. For what I invested in $LINK so far I’m not worried if it goes down a bit. Thanks for your commitment to this, gave me the confidence to pull the trigger. I’m really happy for you guys who have been in from very early.
 
.-.
uconntoatl said:
If you are worried about leaving your coins on an exchange, I recommend getting a cold wallet storage, like ledger nano s. If you do, make sure only to buy it directly from their website
Expand ...
Having a cold wallet allows you to be your own bank and be in control. Only you have access to the funds. Downside is you can lose it and/or your private keys and you need to be at your laptop if you want to liquidate them (although I believe some are now able to transfer via your phone and Bluetooth). Plus side is it’s private and no one knows about it but you. People say keep a decent, small amount on the exchanges but the majority off
 
A couple podcasts on crypto I listen to are Bitcoin Audible, Crypto Casey, Rich Dad Radio Show, and The Pomp Podcast
 
tentoes4rings said:
Yeah, not worried short term. I was happy when it went up 1.50 right after I bought it because I was having a rough week in the regular market. For what I invested in $LINK so far I’m not worried if it goes down a bit. Thanks for your commitment to this, gave me the confidence to pull the trigger. I’m really happy for you guys who have been in from very early.
Expand ...

I plan on having a life-size cut out of the chainlink logo at my wedding where people can take pictures in front of.
 
Not sure if it's been covered, but what are a few clean energy stocks worth investigating for the long term?
 
LIuconn said:
Not sure if it's been covered, but what are a few clean energy stocks worth investigating for the long term?
Expand ...
I don’t know indiv. names but I use PBW invesco clean energy ETF and like how it acts over time. Some others prob can tell u individual Names
 
.-.
$AEM,$GOLD,$-SPPP, $HMY, $GDX, $-SBSW are some of the metal stocks I have that have done very well.
 
What an incredible day thanks to TSLA and OSTK. At least for a day I don’t hate the market anymore :)
 
.-.
tentoes4rings said:
What an incredible day thanks to TSLA and OSTK. At least for a day I don’t hate the market anymore :)
Expand ...

How do folks feel about ETFs?

I was hesitant to guess on individual picks and didn't feel like spreading around pennies to a whole bunch of stocks, so I put a few grand in a couple of ETFs: Ark Innovation (ARKK) and Direxion WFH.

ARKK is 10% TSLA, 7% SQ, and a dozen or so others. Was up 3.5% today.
 
Tenspro2002 said:
How do folks feel about ETFs?

I was hesitant to guess on individual picks and didn't feel like spreading around pennies to a whole bunch of stocks, so I put a few grand in a couple of ETFs: Ark Innovation (ARKK) and Direxion WFH.

ARKK is 10% TSLA, 7% SQ, and a dozen or so others. Was up 3.5% today.
Expand ...
Great. I have a few friends who are in the ARK funds and have done really well on them, I haven’t done ETFs yet but if I did I’d probably also look at the ARK fintech one. I own SQ, PYPL and MELI individually and can’t see a scenario where those don’t continue to prosper.
 
Did you guys see $LINK tonight? Dropped $4 in 5 minutes! Now up 3 of that, hopefully that was the correction, ha.
 
Arkk funds are really innovative. A lot of smart people on FinTwit are interested in what ark is buying, that tells me all I need to know about their legitimacy as I’ve been on fintwit for over a decade and weeded out the frauds or never get a trade wrong types.
 
tentoes4rings said:
Did you guys see $LINK tonight? Dropped $4 in 5 minutes! Now up 3 of that, hopefully that was the correction, ha.
Expand ...
LINK if you are going to trade it - is a sell before a pull back in the 20s. Or so I’m told. It could just stall and then continue into 30s. These projects with no trading history are hard to guess tops and bottoms. I’m just going long and expect it to be at least $60 at some point down the road. ( I have friends who say $100-300-, hope they are right).
 
If you're not already hyped on chainlink. This video explains how chainlink is partnered with Microsoft, Google Cloud, and Amazon
 
.-.
You must log in or register to reply here.

Forum statistics

Threads
168,381
Messages
4,569,621
Members
10,475
Latest member
Tunwin22


Top Bottom